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Describe stabilisation policies as by the International Monetary Fund (IMF).
Define stabilisation policies as basically a list of demands set forward by the IMF to a debtor nation which has seen essential to reschedule old debt or borrow anew. These demands are aimed at creating macroeconomic stability in the debtor nation; balance of payments stability, reduced government deficit/debt, stability in exchange rate, and normally move towards a free- market economy.
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
Monica consumes only goods A and B. Suppose that her marginal uility from consuming good A is equal to 1/Qa, and her marginal utility from consuming good B is 1/Qb. If the price of
How does the indifference curve and budget line for a neutral good look like?
What is the difference between wages and salaries
Since 1990, real income has increased rapidly , yet the average number of children per family has decline ." Three possible explanations for this process are given below.
reasons for and against free trade with foreign sector
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1 Differentiate between a firm and a market. 2 Graphically illustrate (i.e. draw) and explain the relationship between the market demand curve and the individual firm's demand c
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